THE IMPACT OF FISCAL DECENTRALIZATION ON SOME SOCIO-ECONOMIC VARIABLES AT THE EU27 LEVEL IN THE PERIOD 1999-2023

Alina Ailincă ()

Journal of Financial and Monetary Economics, 2024, vol. 12, issue 1, 7-19

Abstract: Fiscal decentralization often takes on high importance especially during periods of economic rest or even economic boom. However, its high heterogeneously with extremely diverse components make it difficult to define, estimate and measure, and its impact also has a varied connotation depending on which aspects of decentralization are considered. High public responsibility, high administrative capacity, good management in times of crisis, with internal and external shocks kept under control, etc. can outline a success in the process of implementing fiscal decentralization. Thus, starting from the quantitative definition of fiscal decentralization and focusing our attention on decentralization at the local level, this paper explores the impact of fiscal decentralization on some indicators in the sphere of health, education, infrastructure and social inequality at the EU27 level. This paper explores the impact of fiscal decentralization on socio-economic performance in a large sample of EU27 economies over the period 1999 - 2023. The findings may highlight the fact that fiscal decentralization, although under certain conditions, can improve the provision of some public services, equally, can present sufficient risks to their efficiency.

Keywords: fiscal decentralization; regional disparities; inequality (search for similar items in EconPapers)
JEL-codes: H5 H72 H77 (search for similar items in EconPapers)
Date: 2024
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